ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial

ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 18

1)	The following information pertains to Parsons Co.:
Preferred stock, cumulative:
Par value per share			$ 100
Dividend rate			8 %
Shares outstanding			9,000
Dividends in arrears			none
Common stock:
Par value per share			$ 10
Shares issued			100,000
Dividends paid per share			$ 2.00
Market price per share			$ 47
Additional paid-in capital			$ 480,000
Unappropriated retained earnings( after closing)
$ 250,000
Retained earnings appropriated for contingencies
$ 280,000
Common treasury stock:
Number of shares		9,000
Total cost		$ 240,000
Net income		$ 610,000

Compute( assume no changes in balances during the past year):( Round per share and ratios to 2 decimal places, e. g. $ 15.75 or 15.75 %.)( a) Total amount of stockholders ' equity in the balance sheet $

( b)	Earnings per share of common stock	$
per share
( c)	Book value per share of common stock	$
per share( d)	Payout ratio of common stock
%( e)	Return on common stock equity
%